On November 9th, I wrote this: “Take away all the noise. Take away the resignations in Europe. Take away the TARP. Take away the printing of money. Take everything away. The most important thing I am seeing right now is a potential wall being built at the 1250-1280 S&P area. Take a look at the [...]
Archive for the 'Triangle' Category
HORRIBLE ACTION BUT BEYOND OVERSOLD!
NOT PRETTY!
The market finally showed its hand this past week, and it was not a pretty sight. The triangle pattern has resolved itself to the downside. Anything is possible, especially with the seasonal strength and this news-driven environment but I now strongly believe that the recent highs was not just a high but probabilities favor THE [...]
